Moscow, Russia – April 26, 2013 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY) (“the Company”), Russia’s national telecommunications operator, announces that its Board of Directors has set the date for the 2012 Annual General Meeting of Shareholders (the “AGM”).

According to the Board’s decision, the AGM will be held on June 17, 2013, at the World Trade Centre’s Congress Centre, 12, Krasnopresnenskaya embankment, Moscow.

The Board also approved the record date of April 30, 2012, for registered shareholders eligible to participate in the AGM and entitled to receive the dividend for 2012.

Rostelecom’s Board of Directors recommended that the AGM approves a 2012 dividend payment of RUB 8.17 billion, or 25% of the Company’s net profit for 2012 in accordance with Russian Accounting Standards (RAS), which amounts to 23.18% of the net profit for 2012 according to the International Financial Reporting Standards (IFRS), and consists of:

• RUB 4.1022 per Class A preferred share (a total of 3.05% of 2012 net profit under RAS or 2.83% of 2012 net profit under IFRS will be distributed as a payment under this share class)
• RUB 2.4369 per ordinary share (a total of 21.95% of 2012 net profit under RAS or 20.35% of 2012 net profit under IFRS will be distributed as a payment under this share class)

Ivan Rodionov, Chairman of Rostelecom’s Board of Directors, commented: “The Board of Directors supported the management’s initiative to keep a substantial portion of the Company’s net profit for the Company's development by allocating funds for the use of new technologies and the modernising of network infrastructure to improve the Company’s competitiveness and guarantee Rostelecom’s technological leadership within the shortest timeframe.”

The 2013 AGM materials will be available on Rostelecom’s official website 30 days prior to the meeting at https://www.rostelecom.ru/ir/agm/